Pros and Cons of Affiliate Marketing

So far we talked about what is affiliate marketing and what are the advantages of affiliate marketing.  Today I want to talk about the pros and cons of affiliate marketing.  There are some of both.

Pros of Affiliate Marketing

1. Very little to no money invested. –This is something that most people are looking for when they start an at-home business.  You do not have to invest money into the business to get started.  That is true if you are starting out by using Squidoo lenses or free blogging platforms such as Blogger or WordPress.com.  A more professional look is to buy a domain name from Godaddy.com and setting up a self-hosted blog on WordPress.org.  Godaddy it will cost you about $10 for a domain name.  If you search Google for a Godaddy coupon code you will be able to purchase a domain for as little as $7.  You can get hosting for a penny the first month at Hostgator.  Hostgator packages start out as low as $7.95/mo!  That is all you need to pay to get started!
2. You can choose products that you love. –The products you choose to promote are limitless.  That being said you should stick with one niche or subject until it becomes profitable.  Lynn Terry’s Elite masterminding group with help you there!
3. It is a repeatable business. -  Once you have become successful in one niche all you have to do is go and repeat what you already did with a new niche.  So the business can be as large or small as  you would like it.
4. You can truly work from home. –You do not have to go anywhere to be an affiliate marketer.  All you need is a computer and and internet connection!  You can even have kids running around you while you do this business!
5. Freedom to walk away. –A lot of businesses you are tied to everyday.  Once you have built your business up to be profitable you will be able to go take a vacation and still earn an income.  That is the life,right?

Cons of Affiliate Marketing

1. The time you must put into the business at the beginning. –In the beginning you will need to spend a lot of time working on webpages,link building,testing and tweaking.  This is not a get rich quick scheme!  It takes time.  I like to think of it as the snow ball effect. The first month you may get up twenty product pages.  The second month you get faster and more efficient so you put up thirty pages.  At the end of the second month you now have fifty product pages out there.  If you continue at the pace of thirty a month you will have three hundred and fifty product pages.  This means it will take time for you to create them as well as get traffic to these sites but the more you create the more passive income you will receive in the future!
2. You must learn a lot about internet marketing. –If you don’t know anything about internet marketing,you will soon become an expert in this field.  You will have to master search engine optimization and link building to get all of your web pages found.  This is something that is absolutely necessary.  This may be a pro for you!
3. You must have patience and persistence. –Okay for some of you that have these characteristics it will not be a con.  But for people like me this is a constant struggle!  You will have to be persistent every day for a long while to see results.  You must be patient while you wait for your income to become a full-time income.  It will come if you learn these skills.

These are the pros and cons of affiliate marketing!  I would love to hear your view on what I missed or what you think may be the pros and cons!  No business is easy but I absolutely believe that affiliate marketing can open up a world you never imagined!  You can have financial and time freedoms!  All the work you do up front is always a means to an end!

Best to you!

PS. To help you get started in affiliate marketing the best book I have found it the Super Affiliate Handbook by Rosalind Gardner.

photo credit:USACE Europe District